Don't Divest, Educate—An Open Letter to American Universities
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Don’t Divest, Educate—An Open Letter to American Universities Dear American Universities, You have no doubt heard the calls by certain environmentalist groups for you to publicly divest your endowments of any investments in the fossil fuel industry. We ask that you reject these calls as an attempt to silence legitimate debate about our energy and environmental future. The leaders of the divestment movement say it is not debatable that the fossil fuel industry is “Public Enemy Number One”—that it deserves to be publicly humiliated by having America’s leading educational institutions single it out for divestment. But the divestment movement refuses to grapple with, let alone educate students about, the staggering, and arguably irreplaceable, benefits we derive from that industry. The fossil fuel industry produces 87 percent of the energy people around the world use to feed, clothe, shelter, heal, comfort, and educate themselves. It has fueled the unprecedented increase in industrial development, life expectancy, and quality of life we have seen over the last 30 years. And despite received wisdom about our environment and climate, our fossil fueled society has experienced a dramatic improvement in all environmental indicators worldwide, including a staggering decline in the number of climate- related deaths. We the undersigned are proud to stand in favor of fossil fuels. Based on our honest attempt to reach a balanced, big-picture perspective on coal, oil, and gas, we passionately believe that the economic and environmental benefits of fossil fuels far outweigh the hazards, and that it is not a “necessary evil” but a moral imperative to make use of the most productive, life-giving energy sources available to us at any point in time. But unlike the divestment movement, we do not ask universities to take an official stand in our favor on this complex issue, which requires extensive education and thought—not official dogma and stigmatization. What we ask for is a more rigorous education on energy and environmental issues. Today’s students do not learn even basic facts about the energy sources that make our civilization possible. But they are encouraged to take strong policy positions on the basis of extremely speculative predictions by individuals and institutions who falsely claim to represent the conclusions of all informed scientists. As a result, students who have not independently studied the evidence about fossil fuels often exhibit a doctrinaire and intolerant viewpoint toward dissenting opinions. For example, when one of us (Alex Epstein) spoke recently at Vassar College on the benefits and hazards of fossil fuels, the divestment movement did not publicly challenge his arguments despite being invited to do so—they staged a walkout, attempting to pressure their peers into refusing even to hear an “unacceptable” view. To their credit, many Vassar students denounced the movement and were inspired to extensively study and debate the issues. Universities around the country should follow their example by providing more education and promoting more debate, so that the best ideas can win out. The undersigned scientists, philosophers, energy experts, and economists are willing to debate anytime, anywhere to defend what we believe is right. If our opponents are willing, then together we can help create a truly educated student body that takes informed positions. If our opponents will not debate but insist on securing your imprimatur to win the argument for them, then please tell them that you are an institution of education—not indoctrination. Sincerely, Ralph B. Alexander, Ph.D. Former Associate Professor of Physics Wayne State University! Meredith Angwin President, Vermont Energy Education Project The Ethan Allen Institute! J. Scott Armstrong, Ph.D. Professor, University of Pennsylvania Co-founder of the International Institute of Forecasting Author of Principles of Forecasting! H. Spencer Banzhaf, Ph.D. Professor of Economics Andrew Young School of Policy Studies Georgia State University! Gregory A. Benford, Ph.D. Professor, Physics & Astronomy University of California, Irvine! Andrew Bernstein, Ph.D. Author, The Capitalist Manifesto: The Historic, Economic, and Philosophic Case for Laissez-Faire! Edwin X. Berry, Ph.D., Physics AMS Certified Consulting Meteorologist ClimatePhysics.com! Samuel Bostaph, Ph.D. Emeritus Professor of Economics University of Dallas Robert Bradley, Jr., Ph.D. CEO, Institute for Energy Research F. Paul Brady, Ph.D. Emeritus Professor of Physics University of California, Davis! Jan L. Breslow, M.D. Fredrick Henry Leonhardt Professor, Rockefeller University Head Laboratory of Biochemical Genetics and Metabolism Senior Physician Rockefeller Hospital! H. Sterling Burnett, Ph.D. Senior Fellow, National Center for Policy Analysis! William N. Butos, Ph.D. Professor of Economics Trinity College, Hartford! Jeremy Carl Research Fellow Hoover Institution Stanford University! Robert M. Carter, Ph.D. Chief Science Advisor International Climate Science Coalition! Ian Clark, Ph.D.! Professor, Earth Sciences University of Ottawa! Frank Clemente, Ph.D. Professor Emeritus, Social Science Penn State University Jeffrey Conopask, Ph.D. Regulatory Economist Consulting Economist Energy Economist Southern Maryland Electric Cooperative Donn Dears Power For USA.com, Energy expert, author and retired GE Company Senior Executive! Eric Dennis, Ph.D.! Senior Fellow Center for Industrial Progress! Roger Donway! Senior Research Fellow Institute for Energy Research Nicholas Drapela, Ph.D., Chemistry Retired Senior Faculty Oregon State University Inventor, Business Owner! John Droz, Jr., Ph.D. Physicist, Founder of Alliance for Wise Energy Decisions (AWED)! Michael J. Economides, Ph.D. Prof. of Chemical and Biomolecular Engineering Cullen College of Engineering University of Houston! Ross B. Emmett, Ph.D. Professor of Political Economy and Political Theory and Constitutional Democracy, James Madison College Michigan State University! Jon Entine! Senior Fellow, Center for Health & Risk Communication George Mason University Senior Fellow, Statistical Assessment Service George Mason University Founder, Executive Director, Genetic Literacy Project!! Alex Epstein! President, Center for Industrial Progress Peter Ferrara White House Office of Policy Development President Reagan! Martin Fricke, Ph.D.! Fellow, American Physical Society ! Gordon J. Fulks, Ph.D., Physics! Mission Research Corporation and Laboratory for Astrophysics and Space Research of the University of Chicago! Rodger L. Gamblin, Ph.D., Physics Inventor, Dayton, OH! Ulrich H. Gerlach, Ph.D. Physicist and Professor Vice Chair of Mathematics, OSU! Paul J. Gessing! President, Rio Grande Foundation! Ivar Giaever, Ph.D. Nobel Laureate 197! CTO Applied BioPhysics, Inc.!! Steve Goreham Executive Director Climate Science Coalition of America! Laurence I. Gould, Ph.D. Professor of Physics, University of Hartford! William Happer, Ph.D.! Professor of Physics Princeton University !! Steven F. Hayward, Ph.D. William E. Simon Distinguished Visiting Professor Pepperdine University School of Public Policy! David R. Henderson, Ph.D.! Research Fellow Hoover Institution Stanford University! Mark W. Hendrickson, Ph.D.! Peter Holle Founding President Frontier Centre for Public Policy ! Steven Horwitz, Ph.D. Professor of Economics St. Lawrence University! Martin Hovland, Ph.D., MSc, FGS! Professor Emeritus! James L. Huffman, Ph.D.! Dean Emeritus, Lewis & Clark Law School! Gary Hull, Ph.D.! Director, VEM, Duke University Durham, NC! Kevin P. Kane President, Pelican Institute for Public Policy! M. L. Khandekar, Ph.D. Expert Reviewer 2007 Climate Change IPCC-Intergovernmental Panel on Climate Change! Alan Charles Kors, Ph.D.! Henry Charles Lea Professor of History University of Pennsylvania! David R. Legates, Ph.D., Climatology! AMS Certified Consulting! Bryan Leyland, MSc, FIEE(rtd), FIMechE, FIPENZ Richard S. Lindzen, Ph.D.! Sloan Professor of Atmospheric Sciences, Emeritus, MIT! Anthony R. Lupo, Ph.D.! Professor, Atmospheric Science University of Missouri! James Macdonald Retired Chief Meteorologist for the Travelers Weather Service Tibor R. Machan, Ph.D. R. C. Hoiles Chair in Business Ethics & Free Enterprise Argyros School of Business & Economics Chapman University! Richard Marrus, Ph.D. Emeritus Professor of Physics University of California, Berkeley Fellow, American Physical Society! John M. Martinis, Ph.D.! Professor of Physics University of California Santa Barbara! Henry I. Miller, M.D.! Robert Wesson Fellow in Scientific Philosophy & Public Policy Hoover Institution Stanford University! Andrew P. Morriss, Ph.D.! D. Paul Jones, Jr. & Charlene Jones Chair in Law The University of Alabama School of Law! Michael C. Munger, Ph.D.! Director of the Philosophy, Politics, and Economics Program Duke University! Deroy Murdock Senior Fellow Atlas Economic Research Foundation Iain Murray! Vice President Competitive Enterprise Institute! Russ Nieli, Ph.D.! Princeton University ! C. Kenneth Orski! Editor/Publisher Innovation NewsBriefs! Mark J. Perry, Ph.D.! Professor of Finance and Business Economics University of Michigan-Flint! Ned S. Rasor, Ph.D.! Consulting Physicist, Kettering, Ohio! George Reisman, Ph.D.! Pepperdine University Emeritus Professor of Economics Author, Capitalism: A Treatise on Economics! John E. Rhoads, Ph.D., PE! Wichita Falls, Texas Matt Ridley, Ph.D.! Foreign Honorary Member American Academy of Arts and Sciences! Berol Robinson, Ph.D.! Association of Ecologists for Nuclear Energy ! David